In the last 24 hours, investor expectations for the Federal Reserve have coalesced around a 75 basis point hike, nudged in that direction by a Wall Street Journal article. Fed-funds futures markets no...
Tag: Foreign Exchange News
Home affordability has ‘collapsed’ in 2022. What to expect next, according to BofA
The double whammy of surging mortgage rates and skyrocketing home prices has led to “collapsed” housing affordability in America, according to Chris Flanagan’s team at BofA Global Research. The situat...
Fed hawks say they’re not so behind the curve combatting inflation
In the wake of the Federal Reserve policy meeting this week, stock markets have tumbled, raising howls of criticism that U.S. central bank policy will fail to bring down inflation. Read: ‘Unhinged’ ma...
Asian markets tumble amid worries about earnings, Fed rate hike
TOKYO — Asian shares declined Monday after U.S. stocks ended last week on a tumble as global markets’ expectations for higher interest rates continued to set the tone. Japan’s benchmark Nikkei 225 NIK...
Fed chief Powell backs moving more quickly on interest-rate hikes
Federal Reserve Chairman Jerome Powell on Thursday joined the chorus of U.S. central bankers who want to move faster on raising interest rates. “It is appropriate in my view to be moving a little more...
Here’s the playbook if the rest of the world breaks free from the U.S. dollar, says Credit Suisse’s monetary plumbing guru
It’s pretty well accepted that no one knows as much about the plumbing of the world’s financial system as Zoltan Pozsar, global head of short-term interest-rate strategy at Credit Suisse, who was the ...
U.S. economy will fall into a recession this summer, as inflation eats into consumer spending, former Fed official warns
Higher inflation will force consumers to limit their spending by so much that the economy will slump into a recession by the July-September quarter, former Federal Reserve Governor Lawrence Lindsey sa...
Opinion: The economy is in much better shape than the headlines would tell you
Inflation is through the roof. There’s an oil crisis. A looming food crisis. You name it. War is raging in Europe. Russia’s president is starting to sound unhinged. And headlines are now linking him w...
Fed’s Powell sees the light — and turns far more hawkish than expected
After remaining stubbornly dovish last year, Federal Reserve Chairman Jerome Powell on Wednesday jumped the central bank squarely into the hawkish camp at his press conference on Wednesday. “The March...
Fed to hike interest rates Wednesday, undeterred by lack of visibility on Russia-Ukraine war’s impact
On Saturday, a strong late winter storm caused havoc on the East Coast, particularly in Pennsylvania, with drivers experiencing severely reduced visibility as winds blew snow across the roads. Speed l...
Asian markets tumble as oil prices shoot higher amid calls for more sanctions against Russia
TOKYO — The price of oil jumped more than $10 a barrel and Asian markets were sharply lower Monday as the conflict in Ukraine deepened amid mounting calls for harsher sanctions against Russia. Brent c...
Putin signs decree to prohibit leaving Russia with more than $10,000 in foreign currency
Russian President Vladimir Putin on Tuesday signed a decree that prohibits taking more than $10,000 worth of foreign currency in cash and “monetary instruments” out of Russia. The move comes in respon...
U.S. stock futures plunge as investors weigh impact of latest Russia sanctions
U.S. stock-index futures tumbled late Sunday after President Vladimir Putin raised Russia’s nuclear alert level following stinging new sanctions from the West over the Russian invasion of Ukraine. Dow...
Fed will raise its policy interest rate above the inflation rate ‘sooner rather than later,’ says ex-governor Quarles who resigned last month
Former Federal Reserve Governor Randal Quarles said Tuesday that he thinks the Fed will move swiftly to raise its policy interest rate above the inflation rate because that is the only way to defeat i...
Opinion: Russia just made a case for owning gold—and nobody noticed
Here’s a strong argument for adding some gold bullion to your retirement portfolio right now, alongside those stocks and bonds. And it comes courtesy of Pavel Zavalny, the head of the Russian parliame...